Waste Collection Equipment Market Forecasts to 2030 - Global Analysis By Equipment Type, Waste Type, End User and By Geography

According to Stratistics MRC, the Global Waste Collection Equipment Market is accounted for $52.2 billion in 2024 and is expected to reach $74.5 billion by 2030 growing at a CAGR of 6.1% during the forecast period. Waste collection equipment refers to the tools and machinery used for gathering, transporting, and disposing of waste materials. This includes garbage trucks, waste bins, compactors, balers, recycling containers, and specialized vehicles for hazardous waste. These tools are essential for efficient waste management, ensuring proper sanitation, recycling, and disposal, thus helping to maintain clean and healthy environments.

Market Dynamics:

Driver:

Rapid urbanization and industrialization

Rapid urbanization and industrialization are key drivers for the waste collection equipment market. As cities expand and industries grow, the volume of waste generated increases significantly. This surge in waste necessitates efficient collection and disposal systems to maintain urban hygiene and environmental sustainability. The demand for advanced waste collection equipment, such as automated garbage trucks and compactors, rises to manage the increased waste effectively, ensuring clean and livable urban environments.

Restraint:

Lack of infrastructure

The lack of adequate waste management infrastructure is a significant restraint on the market. In many developing regions, the absence of proper waste collection and disposal systems leads to inefficient waste management practices. This infrastructure gap hinders the adoption of advanced waste collection equipment, as the necessary support systems, such as waste treatment facilities and recycling centers, are often lacking. Addressing this issue requires substantial investment in infrastructure development, which can be a barrier for market growth.

Opportunity:

Smart city initiatives

Smart city initiatives present a substantial opportunity for the waste collection equipment market. These initiatives aim to integrate advanced technologies into urban infrastructure to enhance efficiency and sustainability. Implementing smart waste management systems, such as IoT-enabled sensors and automated collection vehicles, can optimize waste collection routes, reduce operational costs, and improve service delivery. As cities worldwide adopt smart city frameworks, the demand for innovative waste collection solutions is expected to grow significantly.

Threat:

Disposal bans and restrictions

Disposal bans and restrictions pose a threat to the waste collection equipment market. Governments and regulatory bodies are increasingly implementing stringent regulations to limit the disposal of certain types of waste, such as plastics and hazardous materials. These restrictions can complicate waste management processes and require specialized equipment and technologies to comply with regulations. Failure to adapt to these regulatory changes can result in penalties and reduced market opportunities for waste collection equipment providers.

Covid-19 Impact:

The Covid-19 pandemic significantly impacted the waste collection equipment market. Lockdowns and social distancing measures disrupted waste collection services and increased residential waste volumes. The pandemic also highlighted the importance of efficient waste management systems to handle medical and hazardous waste safely. As economies recover, the focus on robust waste management infrastructure is expected to drive market growth.

The collection vehicles segment is expected to be the largest during the forecast period

The collection vehicles segment is anticipated to dominate the market due to the essential role these vehicles play in waste management. Collection vehicles, including garbage trucks and compactors, are crucial for efficiently transporting waste from residential, commercial, and industrial areas to disposal sites. The increasing urban population and industrial activities drive the demand for advanced collection vehicles equipped with automation and GPS technologies, enhancing route optimization and operational efficiency.

The electronic waste segment is expected to have the highest CAGR during the forecast period

The electronic waste segment is projected to have the highest CAGR due to the growing volume of discarded electronic devices. The rapid technological advancements and shorter lifecycle of electronic products contribute to the increasing e-waste. Effective collection and recycling of electronic waste are essential to recover valuable materials and prevent environmental contamination. The rising awareness of e-waste management and stringent regulations drive the demand for specialized equipment to handle electronic waste efficiently.

Region with largest share:

North America is positioned to dominate the waste collection equipment market due to its advanced waste management infrastructure and high adoption of innovative technologies. The region's stringent environmental regulations and strong focus on sustainability drive the demand for efficient waste collection solutions. Additionally, the presence of major market players and substantial investments in waste management systems further bolster North America's leading position in the market.

Region with highest CAGR:

The Asia Pacific region anticipates rapid growth in the waste collection equipment market, driven by increasing urbanization and industrialization. Countries like China and India are investing heavily in modernizing their waste management infrastructure to address the growing waste volumes. The region's focus on smart city initiatives and sustainable waste management practices contributes to the high CAGR. The rising awareness of environmental issues and government support for waste management projects further propel market growth in Asia Pacific.

Key players in the market

Some of the key players in Waste Collection Equipment Market include SUEZ, Veolia Environment, Bucher Municipal, Elgin Equipment Group, Dennis Eagle, Freightliner Trucks, New Way Trucks, China National Building Material Group Corporation (CNBM), Tana Oy, Hako GmbH, KARAT Machinery Equipment, Johnston Sweepers, FAUN Zoeller Group, Raven Equipment, Bharat Earth Movers Limited (BEML), Eagle Equipment, Kubota Corporation, JCB, KOMATSU and Terex Corporation.

Key Developments:

In May 2024, Hyzon, a U.S.-based, leading hydrogen fuel cell technology developer and global supplier of zero-emission powertrains and New Way Trucks, a privately held industry-leading refuse truck body manufacturer, are showcasing North America's first hydrogen fuel cell-powered electric refuse truck at Waste Expo, May 7-9 at the Las Vegas Convention Center.

In April 2024, Veolia Nottinghamshire has launched a fund to support local community projects that promote waste reduction, reuse, and recycling. Grants of up to £1,000 are available for various initiatives, including practical equipment and educational activities

In October 2023, SUEZ has expanded its business in the UK by acquiring Devon Contract Waste, a company specializing in commercial waste collections. This acquisition is part of SUEZ's strategy to grow its footprint in the UK market and meet international growth targets.

Equipment Types Covered:

• Collection Vehicles
• Containers
• Compactors
• Material Handling Equipment
• Other Equipment Types

Waste Types Covered:

• Municipal Waste
• Industrial Waste
• Hazardous Waste
• Construction and Demolition Waste
• Electronic Waste (e-Waste)
• Other Waste Types

End Users Covered:

• Municipal Authorities
• Industrial Facilities
• Commercial Complexes
• Construction Sites
• Hospitals
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances